PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 171,542 shares of the company’s stock after selling 17,467 shares during the quarter. Prio Wealth Limited Partnership’s holdings in PepsiCo were worth $29,135,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Proquility Private Wealth Partners LLC grew its holdings in shares of PepsiCo by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after buying an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC grew its stake in PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC grew its stake in PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares in the last quarter. Finally, Cassia Capital Partners LLC grew its stake in PepsiCo by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $1.31 during mid-day trading on Tuesday, reaching $171.67. The stock had a trading volume of 1,640,328 shares, compared to its average volume of 5,854,667. The stock has a 50-day simple moving average of $168.44 and a two-hundred day simple moving average of $167.86. The stock has a market capitalization of $235.96 billion, a PE ratio of 26.33, a P/E/G ratio of 2.74 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.95%. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

Analyst Ratings Changes

Several research analysts have recently commented on PEP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Get Our Latest Stock Analysis on PepsiCo

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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